Legal Opinion
Colin F. And Eleanor M. Beaton v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided November 23, 1981No. 81-1135PublishedCited by 15 opinions
1Per curiam
The present appeal by the Commissioner results from the Tax Court’s decision of September 22, 1980, holding that an interest-free loan from a corporation of which the taxpayer was president did not constitute taxable income under section 61 of the Internal Revenue Code, 26 U.S.C. § 61, in the amount of the interest which would have been charged in an arm’s length transaction. The Tax Court relied upon its earlier decisions in Dean v. Commissioner, 35 T.C. 1083 (1961), and Greenspun v. Commissioner, 72 T.C. 931 (1979), pending on appeal, (9th Cir. No. 79-7624).
The facts fall well within the…
2Cases cited9 opinions
- United States v. ByrumSupreme Court of the United States · 1972
- Dean v. CommissionerUnited States Tax Court · 1961
- Lehigh v. R. Co. v. CommissionerUnited States Tax Court · 1949
- Greenspun v. CommissionerUnited States Tax Court · 1979
- Albert Suttle and Grace E. Suttle v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1980
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Commissioner of Internal Revenue v. Herman M. Greenspun and Barbara J. GreenspunCourt of Appeals for the Ninth Circuit · 1982
- W.L. Hardee and Elnora L. Hardee v. The United StatesCourt of Appeals for the Federal Circuit · 1983
- George Sercl, Jr., and Maryanne Sercl v. United StatesCourt of Appeals for the Eighth Circuit · 1982
- Jack and Florence Baker v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1982
- Haworth H. Parks v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1982
10 more not listed; retrieve them via the Exa API.